Basics first, have you uninstalled and then re-installed your console to see if that resolves your issues? Does this affect everyone or just your console? have you considered updating the service pack level since you are running two service packs behind?

The error happens on all consoles that i have tried to run it on. I am going to be updating to LD 8.8 SP2 this weekend. I will update the post once this is complete and let you know if it fixed this or not.